Stocks set for another week of decrease

PUBLISHED : 25 Oct 2023 at 06: 34 After slipping listedbelow 1,400 points last Friday, the Stock Exchange of Thailand (SET) index is mostlikely to stay on a down pattern this week, perhaps reaching 1,330-1,350 points as unfavorable aspects stickaround, according to experts. Wikij Tirawannarat, senior vice-president of Bualuang Securities, stated the bourse was under pressure last week from an raised UnitedStates bond yield, which continued to vary moving into this week. “If bond yields continue to increase, inflation would be impacted and so too the interest rate,” stated Mr Wikij. “The SET stays vulnerable this week and an index of around 1,330-1,350 points is possible.” He prompted short-term equity financiers to embrace a “wait-and-see” position. Rakpong Chaisuparakul, senior vice-president at KGI Securities (Thailand), stated while the current decrease in UnitedStates treasury
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